Mortgage lenders and mortgage brokers; criminal background checks. (SB124)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Mortgage Lender and Mortgage Broker Act; criminal background checks. Conforms provisions of Virginia's laws regarding licensure of mortgage lenders and mortgage brokers to the practice of conducting criminal backgrounds checks through the Nationwide Mortgage Licensing System and Registry. The measure eliminates an existing provision that allows a mortgage lender's or mortgage broker's members, senior officers, directors, and principals to avoid a criminal background check during the licensing phase by acquiring a licensee after the license has been issued, and permits the Central Criminal Records Exchange to disclose criminal background information to the State Corporation Commission. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 |
01/10/2012 | Prefiled and ordered printed; offered 01/11/12 12101060D |
01/10/2012 | Referred to Committee on Commerce and Labor |
01/16/2012 | Reported from Commerce and Labor (16-Y 0-N) (see vote tally) |
01/17/2012 | Impact statement from SCC (SB124) |
01/18/2012 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
01/19/2012 | Read second time and engrossed |
01/20/2012 | Bills placed in block (39-Y 0-N) (see vote tally) |
01/20/2012 | Read third time and passed Senate (38-Y 0-N) (see vote tally) |
01/20/2012 | Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally) |
01/20/2012 | Passed Senate (39-Y 0-N) (see vote tally) |
02/13/2012 | Placed on Calendar |
02/13/2012 | Read first time |
02/13/2012 | Referred to Committee on Commerce and Labor |
02/16/2012 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
02/20/2012 | Read second time |
02/21/2012 | Read third time |
02/21/2012 | Passed House BLOCK VOTE (100-0Y 0-N) |
02/21/2012 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
02/23/2012 | Enrolled |
02/23/2012 | Bill text as passed Senate and House (SB124ER) |
02/23/2012 | Impact statement from SCC (SB124ER) |
02/23/2012 | Signed by President |
02/23/2012 | Signed by Speaker |
03/08/2012 | G Approved by Governor-Chapter 189 (effective 7/1/12) |
03/08/2012 | G Acts of Assembly Chapter text (CHAP0189) |